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Incomplete building with 4.1% yield and builds another 570sm enclosed areas

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Ref: B-99171
Asking Price
€680,000
Loan Installment

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Available
Property for Sale in Nicosia, Aglantzia, Cyprus
Property for Sale in Nicosia, Aglantzia, Cyprus
Property for Sale in Nicosia, Aglantzia, Cyprus
Property for Sale in Nicosia, Aglantzia, Cyprus

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Property Details
  • For Sale
  • Property Type: Building
  • Property Subtype: Commercial
  • Property Label: Investment Property
  • Location: Nicosia, Aglantzia, Cyprus
  • Internal Area: 262sqm
  • Price: €680,000
  • VAT: N/A
  • Loan Installment: €3,225

If you wish to borrow from a bank, please find above indication of the loan installment with the assumptions used below.

Loan Installment Calculations:
Assumptions:
Closing Price: €680,000
Own Contribution (35%): €238,000
Loan Amount (65%): €442,000
Interest rate: 3.8%
Years of repayment: 15 years

More Information
  • Status: Resale/Used
  • Age: 1999 Years
  • Floors: 1
  • Plot/Land Size: 1sqm
  • Units: 2
  • Reference: B-99171
Marinos Ioannou
Mobile: (+357) 99959494

Nicosia
Address: Nicosia Georgiou Davari Office
Incomplete building at exceptional offer for an investment. Currently it receives €28,000 yearly rent producing 4.1% and probably more than 500sm enclosed areas can be added by building more floors. The plot is 697sm area with 120% building density. Located in Aglantzia with easy access to the city center. The asset currently consists of 262sm ground floor showrooms, 135sm mezzanine, 260sm basement storages, 6 uncovered parking spaces at basement and more uncovered parking in front on the building at ground floor. A must buy.
Attributes
Parking-Covered
Zone (ie. H2)
ka4
Zone type
Residential
Building density (%)
120
Coverage ratio (%)
50
Floor allowance
3
Use of building
Commercial
No of parking spaces
6
Air Conditioning

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